Vodafone India

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi, Swiggy, Zomato, SAIL

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi will be in focus post their Q3 results, also, Swiggy, Zomato, Vi and others will be on the radar

Vodafone Idea raises $222 million via preferential allotment of shares

The preferential allotment comes at a time when Vodafone Idea is trying to catch up with its stronger rivals

Vi rolls out unlimited annual data usage plans to counter competition

The loss-making private telecom firm Vodafone Idea has rolled out annual recharge plans for mobile phones, offering users unlimited data from midnight till noon, in an attempt to catch up with competition. The company in a statement shared that it has rolled out pre-paid plans priced at Rs 3,599, Rs 3,699 and Rs 3,799 that will offer unlimited data usage from 12 AM till 12 PM every day throughout the year and it will be in addition to the daily data usage limit at high speed. "Vi's annual recharge plans offer half day unlimited data from 12 AM to 12 PM in addition to a 2GB daily data quota for the remaining 12 hours of the day. Not just that, Vi SuperHero packs also offer weekend data rollover, which allows users to carry forward unused weekday data and use it during the weekend," Vi said. The new recharge plans, Vi SuperHero prepaid packs, are currently available in Maharashtra, Delhi, Gujarat, Tamil Nadu, Kerala, West Bengal, Punjab and Haryana. Vi's rival Jio and Bharti Airtel h

How Vodafone Idea's 5G launch in March could shake up telecom pricing

Vodafone Idea is set to launch 5G services with competitive pricing to challenge Jio and Airtel. It has finalised $3.6 billion worth of contract to enhance 4G network and deploy 5G infrastructure

May boost 4G, 5G investment: VIL calls DoT's bank guarantee waiver 'relief'

The telecom department has waived the requirement of bank guarantee to be submitted for spectrum auctions held prior to the reform package, telecom operator Vodafone Idea said on Saturday, adding that the latest "relief" will boost 4G and 5G investments in India. Prior to this reform, bank guarantees aggregating to about Rs 24,800 crore were required to be provided by VIL against each spectrum instalment, 13 months prior to the instalment falling due for the above auctions, the company said in a BSE filing. "As per our understanding of the terms and conditions, out of all the 5 auctions mentioned above, no BGs (bank guarantee) will be required to be provided by VIL for the 2012, 2014, 2016 and 2021 auctions," the telco said. There would, however, be a one-time partial shortfall, only for the 2015 auction, where the net present value or NPV of all payments made would be less than the pro-rated value of spectrum used, VIL said and informed that it is "in discussion with the DoT to ...

Vodafone Group clears about Rs 11,650 cr dues raised against VIL shares

UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. Vodafone Group had pledged almost the entire stake in VIL to raise the debt. The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group. "On 27 December 2024, HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders by the Vodafone Promoter Shareholders. "Consequently, the indirect encumbrance on 15,720,826,860 equity shares of the target company held by the Vodafone Promoter Shareholders representing 22.56 per cent of the equity share capital of the target company on a fully diluted basis has been released," the filing said. "Consequently, the indirect encumbrance on 15,720,826,860 equity shares o

Up 30% from lows; is Vodafone Idea share price headed towards Rs 10-mark?

Technical charts suggest that Vodafone Idea stock can potentially rally to Rs 10.90 on the upside, provided the stock sustains above this resistance zone.

Bankers put cash-strapped Vodafone Idea's call for Rs 35K cr loan on hold

Fund-strapped telco says banks have completed techno-economic evaluation, a key step in debt funding process

VIL's capital-raise unlikely to plug market share erosion: Goldman Sachs

Vodafone Idea's recent capital-raise while incrementally positive, may not be adequate to stop the telco's market share erosion, according to a note by Goldman Sachs. The brokerage has, in fact, anticipated another 300 bps (basis point) share loss for the company over the next 3-4 years, citing the direct correlation between capital expenditure and revenue market share, and given its own expectation of peers spending at least 50 per cent higher capex versus Vodafone Idea. One basis point is equal to 1/100th of a per cent. "Vodafone Idea's recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company's market share erosion in our view," it said. Additionally, it said, Vodafone Idea has large Adjusted Gross Revenue (AGR)/spectrum-related payments starting in FY26. "While the government has the option of converting some dues into equity, we estimate ARPUs would have to rise by Rs 200-270 (120-150 per cent under different scenarios) versus December

Vodafone Idea plans to clear Rs 1,500 cr debt to Nokia by December 2025

Vodafone Idea (Vi) recently issued 1,027 million equity shares to Nokia through a preferential issue, thereby settling around half of its debt to the network solutions provider

ATC Telecom converts Rs 160 cr worth Voda Idea debt bonds into equity

Mobile tower company ATC Telecom Infrastructure has converted Rs 160 crore worth of optionally convertible debentures, issued by Vodafone Idea in lieu of payments, into equity, a regulatory filing said on Thursday. Debt-ridden telecom operator Vodafone Idea (VIL) had issued optionally convertible debentures (OCDs) worth Rs 1,600 crore to ATC, as it failed to pay for rentals of mobile towers. ATC has already converted OCDs worth Rs 1,440 crore into equity in March. "We wish to inform you that pursuant to the terms of OCDs, the Company has received Conversion Notice in respect of outstanding 1,600 OCDs from current OCD holders (ATC) for conversion into 16,00,00,000 fully paid up equity shares of face value of Rs 10 each at conversion price of Rs 10 per equity share," VIL said in the filing. Last month, VIL allocated shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear partial dues. The total debt of the company stood around Rs 2,07,630 crore as of March 31,

Crony capitalism thriving under Modi: Congress on Jio, Airtel tariff hikes

Congress leader Randeep Singh Surjewala questioned the Centre's intent, asking how the companies were unilaterally allowed to increase the rates without any oversight and regulation

Rs 96,000 crore telecom 5G spectrum auction to start today: Check details

Reliance Jio, Bharti Airtel, and Vodafone Idea are likely to jointly invest Rs 12,500 crore in spectrum purchases, representing around 13% of the total Rs 96,320 crore worth of airwaves on offer

Vodafone Idea stock falls 2.5% on weak April telecom data, profit booking

On June 19, Vodafone sold 18 per cent stake in Indus Towers for Rs 15,300 crore to repay debts. Post stake sale, Vi's holding in Indus Towers stood at 3.1 per cent

Ericsson India in discussions with Vodafone Idea for potential 5G agreement

Nitin Bansal of Ericsson India said the initiative follows a follow-on offer and is expected to initiate a network expansion project within the next two to three months

Vi steps up talks with Nokia, Ericsson to accelerate 4G network enhancement

Vodafone Idea intends to allocate Rs 13,000 crore for capital expenditures, with over half of it earmarked for expanding its 4G infrastructure

India's biggest FPO in the bag: Birla says Vi to make 'smart turnaround'

India deserves three private telecom companies, says chairman of Aditya Birla Group

Bharti Airtel denies reports of interest in Vodafone's Indus Towers stake

Amid reports of buying UK-based Vodafone Group's 21 per cent stake in Indus Towers, Airtel affirmed that it is not in any such talks

Vi expects 5G rollout in 6-9 months after FPO worth Rs 18,000 crore

Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets in 6-9 months of the issue. Its Chief Executive Akshaya Moondra said rollout of the 5G services is one of the objectives of raising the capital from the public and once the funding comes, it will start work on the rollout. The 5G rollout will cover 40 per cent of the company's overall revenue base in the next 24-30 months, Moondra said, without sharing a specific target on when the rollout will happen. A sum of Rs 5,720 crore has been allocated for the rollout, he said, adding that testing and vendor conversations have already begun. However, he did not specify the locations where the rollout will happen. It can be noted that both its rivals Bharti Airtel and Reliance Jio -- to whom it has ceded market share -- have been active on 5G for some months now. Moondra said the company has not been able to roll out 5G services because of lack of ...

Vodafone Idea looks to raise Rs 18,000 crore via India's biggest FPO

Priced at Rs 10-11 a share, offer opens on Thursday